News Summary TerrAscend Corp. will close its 20 dispensaries and four cultivation facilities in Michigan, leading to the layoff of 236 employees. The company’s decision, driven by market challenges and a significant operational evaluation, marks a 21% reduction in its workforce. As sales of recreational cannabis decline, TerrAscend plans to
News Summary TerrAscend Corp. has announced its exit from the Michigan cannabis market, resulting in over 230 layoffs and plans to divest all Michigan assets, including four cultivation facilities and 20 retail stores. This decision reflects the challenges in the Michigan cannabis market, including market oversupply and declining prices. While
News Summary TerrAscend Corp has announced its exit from the Michigan cannabis market, affecting 20 dispensaries and over 240 employees. This strategic move is part of a broader workforce reduction of 21% across the company. The decision comes as sales in Michigan decline and the company redirects focus to more
News Summary The auto industry in Michigan and Ohio is experiencing significant upheaval as unemployment rates soar. Factors such as high interest rates, cooling labor markets, and potential tariff changes are impacting local businesses. Major automakers like GM and Ford are scaling back operations and laying off thousands of workers,
News Summary Initial unemployment claims in Michigan declined to 5,939 last week, showing signs of potential stabilization in the labor market. This decrease follows a sharp spike in early May, when claims rose by nearly 130%. While claims have hovered around 6,000 for months, upcoming changes to unemployment insurance laws
News Summary A 23-year-old road crew worker in Brighton Township lost his life after being struck by an excavator on June 30, 2023. While working near Grand River Avenue, he was in an excavated hole at the time of the incident. Despite prompt medical attention, he died from his injuries
